• Title/Summary/Keyword: Korea-China trade

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A Study on Strengthening Competitiveness for China TianJin Port (중국 천진항의 경쟁력 강화 방안에 관한 연구)

  • Song, Xiaoming;Shin, Han-Won
    • Journal of Fisheries and Marine Sciences Education
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    • v.26 no.4
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    • pp.749-759
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    • 2014
  • With the rapid development of global economic and trade, the ports in the North-east Asia region have developed rapidly. Ocean shipping plays an irreplaceable role in China's foreign trade. Improvement of China's economy and continuous increase of trade in North-East Asia have made China as the number one in the world in container transport. Tianjin port which is the biggest international trade port in North-east China. Tianjin Binhai New District has incorporated in (CPC Central Committee on the outline of the Eleventh Five-Year Plan for national economic and social development proposals) which had adopted by The Fifth Plenary Session of the 16th CPC Central Committee. However, the competitions between ports are getting intense, the construction of Northeast Asia shipping center is in the ascendant, which bring new opportunity and challenge to the development of Tianjin port logistics. Therefore, Tianjin should according to its characteristics, integrating port resources, exert great efforts in developing port logistics, thus promoting regional economic development. Therefore, it is necessary to make the main study on the development strategy of Tianjin port logistics.

Export Competitiveness of Korean IT Eguipments in USA and China (한국 정보통신기기의 수출경쟁력 분석 -미국시장과 중국시장을 중심으로-)

  • 정동진;안춘모
    • Journal of Korea Technology Innovation Society
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    • v.4 no.3
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    • pp.323-341
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    • 2001
  • In this paper, we analyse the competitiveness of Korean If sector with international trade data. We focus on importance of emerging Chinese IT sector. It is specifically summarized as follows. First, China as competitor in US market reveals relative disadvantage than Korea. Next, Korea has lost competitiveness in China. To make a international comparison we work hard In set up trade data of specific country.

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Trade in Developing East Asia: How It Has Changed and Why It Matters

  • Constantinescu, Cristina;Mattoo, Aaditya;Ruta, Michele
    • East Asian Economic Review
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    • v.22 no.4
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    • pp.427-465
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    • 2018
  • East Asia, for long the epitome of successful engagement in trade, faces serious challenges: technological change that may threaten the very model of labor intensive industrialization and a backlash against globalization that may reduce access to important markets. The analysis in this article suggests that how East Asia copes with these global challenges will depend on how it addresses three more proximate national and regional challenges. The first is the emergence of China as a global trade giant, which is fundamentally altering the trading patterns and opportunities of its neighbors. The second is the asymmetric implementation of national reform - in goods trade and investment versus services - which is affecting the evolution of comparative advantage and productivity in each country. The third is the divergence between the relatively shallow and fragmented agreements that regulate the region's trade and investment and the growing importance of regional and global value chains as crucial drivers of productivity growth.

Sustainable Competitive Advantages for Regional Development: An Exploratory Study of the China (Anhui) Pilot Free Trade Zone

  • LEE, Jung Wan
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.7
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    • pp.17-26
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    • 2022
  • This paper analyzes the comparative advantages and development prospects of the China (Anhui) Pilot Free Trade Zone. Based on a SWOT analysis method, this study finds that the Anhui Pilot Free Trade Zone has a set of comparative advantages, including location advantage, rich resources, industrial transformation and new industries, technological innovation capabilities, new patterns for development, and policy support. In recent years, by leveraging its key resources, Anhui Province has been committed to developing an open economy. Furthermore, its economic vitality has increased significantly under preferential policies such as the Belt and Road Initiative, the China-Europe International Freight Shuttle, and the Yangtze River Economic Belt Development Plan. As a result, the total foreign trade has continued to grow. The findings of this study highlight that the comparative advantages are of great significance to the development of the Anhui Pilot Free Trade Zone, which helped expand the scope and openness of the regional economy and foreign investment. However, to achieve the development objectives of the Anhui Pilot Free Trade Zone as planned, these comparative advantages must be developed and converted into a set of sustainable competitive advantages for the regional economy. Therefore, a few development suggestions are put forward.

Strategic Approaches to Sustainable Regional Development: An Exploratory Study of the China (Anhui) Pilot Free Trade Zone

  • LEE, Jung Wan
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.7
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    • pp.41-52
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    • 2022
  • This paper analyzes the advantages and opportunities of regional development prospects of the China (Anhui) Pilot Free Trade Zone. In addition, it provides suggestions for the future development of the Anhui Pilot Free Trade Zone. The establishment of the Anhui Pilot Free Trade Zone is a major platform for Anhui Province, China, to serve the nation's opening-up strategy to the world and an opportunity for the Anhui region to enhance the level of an open economy. The development plan points out that the Anhui Pilot Free Trade Zone 1) takes institutional innovation as the core, 2) complies with the requirements of the innovation-driven development and promotion of the Yangtze River Delta regional integration development strategy, and 3) plays a vital node role in promoting the construction of the Belt and Road Initiative, and 4) accelerates the construction of scientific and technological innovation sources, advanced manufacturing and strategic emerging industries. The findings of this study highlight three critical achievements as follows: 1) optimization and improvement of the business environment have progressed, 2) the conversion rate of scientific and technological innovation achievements has increased, and 3) advanced high-tech manufacturing and strategic emerging industries are clustered and developed.

Transmission of Chinese Monetary Policy Shocks: Evidence from Korea (중국 통화정책 변화가 한국에 미치는 영향)

  • Cho, Yujeong
    • Economic Analysis
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    • v.27 no.4
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    • pp.43-69
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    • 2021
  • As the trade linkages and the financial relationship between China and Korea grow stronger, China's influence on Korea is also growing larger. Therefore, it is meaningful to examine key features of Chinese monetary policy operations and the current situation, and to analyze the transmission mechanism of China's monetary policy shocks onto the Korea economy. China's monetary policy shocks can have an impact on the Korea economy through the trade, financial and oil-price channels. In the trade channel, an expansionary Chinese monetary policy can increase Korea's exports of intermediate goods to China under the vertical trade structure, via the vertical trade integration effect. Meanwhile, the expenditure switching effect and the income demand effect show no statistical significance. In the financial and oil-price channels, expansionary Chinese monetary policy shocks can decrease the interest rate and increase both stock prices and the consumer price index in Korea through changes in global portfolio capital flows, interest rates, and raw material prices.

Studies on Port Development Strategy in Shanghai, China

  • Kim, Jin-Hwan
    • Journal of Distribution Science
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    • v.15 no.1
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    • pp.7-14
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    • 2017
  • Purpose - The purpose of the paper is to examine development strategy that Shanghai port has practiced, and to take out some productive implications to be applied to other port. Research design, data and methodology - The research methods to be applied is first to look into some development progress in terms of trade volumes, and then to review development strategy that is classified with two different aspects, and finally to identify implications. Results - Following the change of economic environment that China has joined to WTO, the way of doing business in Chinese economy has transferred to market economy more closely. Trade volume is higher than before and it attracts to build national infrastructure including port. Development strategy has to be needed to take care of newly faced economic situations, within two aspects, hardware and software approach. Both construction and management are answer to competitive port of Shanghai. Conclusions - From the development strategy of Shanghai port, hardware and software aspects should be emphasized, and it is evident that both trade volume of shipping market and the willingness of port authority have to be getting along with each other in development strategy.

The Comparisons on the International Arbitration Systems between Korea and China (한.중 국제중재제도의 비교와 시사점)

  • Oh, Won-Suk;Li, Jing-hua
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.46
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    • pp.315-350
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    • 2010
  • The rapid growth of Korea-China trade that was since the establishment of diplomatic relations in 1992, led China to surpass the United States and Japan to become Korea's largest trading partner in 2009. "The largest trade" also means "the most disputes", so it is essential to study on dispute settlement and enforcement system of the two. Therefore, in order to make the traders correctly understand and use the arbitration as a dispute settlement method in both China and Korea, this article makes a comparative study on arbitration system between the two countries. And finally, it analyzes the enforcement situation of arbitral award in China, then provides the author's personal recommendations as a countermeasure against the poor enforcement system in China.

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Is the U.S. Trade Expansion Act Section 232 Consistent with GATT/WTO Rules? (미국 무역확장법 제232조 조치는 GATT/WTO 규정에 타당한가?)

  • Yin, Zi-Hui;Choi, Chang-Hwan
    • Korea Trade Review
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    • v.44 no.1
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    • pp.177-191
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    • 2019
  • Global trade protectionism has increased further and U.S. priorities and protectionism have strengthened since Trump took office in 2017. Trump administration is actively implementing tariff measures based on U.S. domestic trade laws rather than the WTO rules and regulations. In particular, the American government has recently been imposing high tariffs due to national security and imposing economic sanctions on other countries' imports. According to the U.S. Trade Expansion Act Section 232, the American government imposed additional tariffs on steel and aluminum imports to WTO member countries such as China, India, and EU etc. on march 15, 2018. Thus, this study aims to investigate whether the U.S. Trade Expansion Act Section 232 is consistent with GATT/WTO rules by comparing the legal basis of US / China / WTO regulations related to Section 232 of the U.S. Trade Expansion Act, and gives some suggestions for responding to the Section 232 measure. As the Section 232 measure exceeded the scope of GATT's Security Exceptions regulation and is very likely to be understood as a safeguard measure. If so, the American government is deemed to be in breach of WTO's regulations, such as the most-favored-nation treatment obligations and the duty reduction obligations. In addition, American government is deemed to be failed to meet the conditions of initiation of safeguard measure and violated the procedural requirements such as notification and consultation. In order to respond to these U.S. protection trade measures, all affected countries should actively use the WTO multilateral system to prevent unfair measures. Also, it is necessary to revise the standard jurisdiction of the dispute settlement body and to explore the balance of the WTO Exception clause so that it can be applied strictly. Finally, it would be necessary for Chinese exporters to take a counter-strategy under such trade pressure.

A Study on the Possibility of E-Government Procurement in China

  • Lee, Seoung-Taek
    • Journal of Korea Trade
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    • v.23 no.6
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    • pp.52-65
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    • 2019
  • Purpose - This paper aims to study what is impacting the development of e-Government Procurement in China, the current strategies of developing Chinese Governmental e-Procurement, and to present some measures by which Korea's exporting industry could enter the Chinese procurement market. Design/methodology - This study is to provide a systematic literatures review on what is impacting the development of e-Government Procurement in China. Hence, based on western research, Chinese literiatures are used for this study. Findings - To penetrate the e-procurement of the Chinese government, the acquisition of government procurement certification is necessary. Secondly, the qualification of "Made in China" is one way to join the market. And finally for Korean companies to enter the procurement, it is necessary to provide products to the public institutions such as universities, hospitals and social organizations and to the state-owned enterprises. Originality/value - This paper aims to study what is impacting the development of the e-Government Procurement in China, the current strategies of developing Chinese Governmental e-Procurements, and to present some measures by which Korea's exporting industry could enter the Chinese procurement market. These originalities can be expected to give understanding of Chinese e-govenment procurement and insight for strategy for both Korean enterprise and relavant academic circles.